Quincy Retired Teachers Association Scholarship Fund Inc

Analysis

Quincy Retired Teachers Association Scholarship Fund Inc is a registered charity in United States, based in Wollaston, MA. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Quincy Retired Teachers Association Scholarship Fund Inc reported income of $87k and spending of $153k, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $163k to $87k (-47%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quincy Retired Teachers Association Scholarship Fund Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Gateway Boarding Academy Inc ($87k), Sandpiper Cooperative Nursery ($87k) and East Marshall Booster Club ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $2.5m against liabilities of $36k, net assets of $2.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.